Ackroo Non Current Assets Total vs Property Plant And Equipment Net Analysis

AKR Stock  CAD 0.14  0.02  16.67%   
Ackroo financial indicator trend analysis is way more than just evaluating Ackroo Inc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ackroo Inc is a good investment. Please check the relationship between Ackroo Non Current Assets Total and its Property Plant And Equipment Net accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ackroo Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Non Current Assets Total vs Property Plant And Equipment Net

Non Current Assets Total vs Property Plant And Equipment Net Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ackroo Inc Non Current Assets Total account and Property Plant And Equipment Net. At this time, the significance of the direction appears to have very strong relationship.
Non Current Assets TotalProperty Plant And Equipment NetDiversified AwayNon Current Assets TotalProperty Plant And Equipment NetDiversified Away100%
The correlation between Ackroo's Non Current Assets Total and Property Plant And Equipment Net is 0.84. Overlapping area represents the amount of variation of Non Current Assets Total that can explain the historical movement of Property Plant And Equipment Net in the same time period over historical financial statements of Ackroo Inc, assuming nothing else is changed. The correlation between historical values of Ackroo's Non Current Assets Total and Property Plant And Equipment Net is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Assets Total of Ackroo Inc are associated (or correlated) with its Property Plant And Equipment Net. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant And Equipment Net has no effect on the direction of Non Current Assets Total i.e., Ackroo's Non Current Assets Total and Property Plant And Equipment Net go up and down completely randomly.

Correlation Coefficient

0.84
Relationship DirectionPositive 
Relationship StrengthStrong

Non Current Assets Total

The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.

Property Plant And Equipment Net

The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.
Most indicators from Ackroo's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ackroo Inc current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ackroo Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
At this time, Ackroo's Tax Provision is fairly stable compared to the past year. Enterprise Value is likely to climb to about 14.4 M in 2024, whereas Selling General Administrative is likely to drop slightly above 2.4 M in 2024.
 2021 2022 2023 2024 (projected)
Total Revenue6.0M6.3M7.0M8.5M
Depreciation And Amortization2.1M1.7M935.3K741.5K

Ackroo fundamental ratios Correlations

0.540.480.880.75-0.420.620.110.940.110.330.810.81-0.28-0.080.90.230.13-0.30.40.490.910.550.840.8-0.28
0.54-0.150.420.63-0.280.72-0.310.67-0.31-0.220.740.21-0.26-0.290.67-0.330.58-0.110.90.080.60.990.420.64-0.47
0.48-0.150.19-0.17-0.26-0.030.680.250.680.260.090.16-0.150.470.040.66-0.01-0.45-0.090.040.1-0.090.430.120.36
0.880.420.190.82-0.390.5-0.020.84-0.020.40.720.92-0.09-0.090.910.15-0.07-0.150.310.720.940.420.710.71-0.24
0.750.63-0.170.82-0.190.78-0.520.89-0.520.240.850.81-0.15-0.560.94-0.360.05-0.090.420.510.930.60.690.86-0.63
-0.42-0.28-0.26-0.39-0.19-0.32-0.28-0.35-0.280.5-0.39-0.260.53-0.6-0.34-0.21-0.290.11-0.19-0.12-0.34-0.28-0.3-0.370.2
0.620.72-0.030.50.78-0.32-0.490.8-0.49-0.140.850.46-0.35-0.430.72-0.470.34-0.210.560.140.690.70.660.9-0.75
0.11-0.310.68-0.02-0.52-0.28-0.49-0.221.00.03-0.36-0.08-0.10.79-0.220.92-0.02-0.09-0.230.01-0.17-0.25-0.02-0.360.58
0.940.670.250.840.89-0.350.8-0.22-0.220.220.910.78-0.29-0.330.94-0.130.15-0.260.510.460.930.670.860.9-0.51
0.11-0.310.68-0.02-0.52-0.28-0.491.0-0.220.03-0.36-0.08-0.10.79-0.220.92-0.02-0.09-0.230.01-0.17-0.25-0.02-0.360.58
0.33-0.220.260.40.240.5-0.140.030.220.030.120.480.48-0.30.250.32-0.3-0.16-0.140.330.3-0.220.150.110.33
0.810.740.090.720.85-0.390.85-0.360.91-0.360.120.64-0.3-0.340.87-0.240.28-0.210.620.240.830.70.640.93-0.54
0.810.210.160.920.81-0.260.46-0.080.78-0.080.480.64-0.14-0.240.860.14-0.23-0.060.00.670.910.190.720.7-0.35
-0.28-0.26-0.15-0.09-0.150.53-0.35-0.1-0.29-0.10.48-0.3-0.14-0.09-0.240.02-0.27-0.05-0.02-0.11-0.21-0.22-0.3-0.30.4
-0.08-0.290.47-0.09-0.56-0.6-0.430.79-0.330.79-0.3-0.34-0.24-0.09-0.340.680.09-0.14-0.15-0.06-0.3-0.25-0.22-0.380.53
0.90.670.040.910.94-0.340.72-0.220.94-0.220.250.870.86-0.24-0.34-0.070.13-0.10.470.540.990.650.760.86-0.51
0.23-0.330.660.15-0.36-0.21-0.470.92-0.130.920.32-0.240.140.020.68-0.07-0.05-0.12-0.290.11-0.01-0.29-0.01-0.240.61
0.130.58-0.01-0.070.05-0.290.34-0.020.15-0.02-0.30.28-0.23-0.270.090.13-0.05-0.010.59-0.320.050.53-0.030.23-0.15
-0.3-0.11-0.45-0.15-0.090.11-0.21-0.09-0.26-0.09-0.16-0.21-0.06-0.05-0.14-0.1-0.12-0.01-0.20.03-0.15-0.23-0.11-0.1-0.22
0.40.9-0.090.310.42-0.190.56-0.230.51-0.23-0.140.620.0-0.02-0.150.47-0.290.59-0.2-0.040.390.90.220.45-0.18
0.490.080.040.720.51-0.120.140.010.460.010.330.240.67-0.11-0.060.540.11-0.320.03-0.040.590.090.490.26-0.18
0.910.60.10.940.93-0.340.69-0.170.93-0.170.30.830.91-0.21-0.30.99-0.010.05-0.150.390.590.590.780.84-0.47
0.550.99-0.090.420.6-0.280.7-0.250.67-0.25-0.220.70.19-0.22-0.250.65-0.290.53-0.230.90.090.590.430.59-0.41
0.840.420.430.710.69-0.30.66-0.020.86-0.020.150.640.72-0.3-0.220.76-0.01-0.03-0.110.220.490.780.430.78-0.47
0.80.640.120.710.86-0.370.9-0.360.9-0.360.110.930.7-0.3-0.380.86-0.240.23-0.10.450.260.840.590.78-0.62
-0.28-0.470.36-0.24-0.630.2-0.750.58-0.510.580.33-0.54-0.350.40.53-0.510.61-0.15-0.22-0.18-0.18-0.47-0.41-0.47-0.62
Click cells to compare fundamentals

Ackroo Account Relationship Matchups

Ackroo fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets8.0M11.2M9.0M7.7M7.8M8.2M
Total Current Liabilities1.1M2.3M1.0M2.1M4.6M4.8M
Total Stockholder Equity1.7M3.8M3.1M1.5M2.0M1.5M
Property Plant And Equipment Net2.3M2.0M1.7M1.5M1.2M1.3M
Net Debt5.7M4.8M4.4M5.0M4.2M4.4M
Retained Earnings(15.6M)(16.7M)(19.1M)(20.8M)(19.0M)(20.0M)
Accounts Payable543.2K513.3K598.3K552.5K763.8K565.8K
Cash28.6K1.9M772.3K10.5K200.6K190.6K
Non Current Assets Total7.1M8.6M7.6M5.9M7.3M7.7M
Cash And Short Term Investments28.6K1.9M772.3K10.5K200.6K190.6K
Net Receivables503.1K414.6K469.5K461.1K184.8K250.2K
Common Stock Shares Outstanding76.2M80.6M111.8M115.8M120.7M126.7M
Liabilities And Stockholders Equity8.0M11.2M9.0M7.7M7.8M8.2M
Non Current Liabilities Total5.2M5.0M4.9M4.1M1.2M1.2M
Inventory37.5K32.2K21.1K8.4K6.7K6.4K
Other Stockholder Equity1.8M1.8M1.8M1.7M2.3M2.2M
Total Liab6.3M7.4M5.9M6.2M5.8M6.1M
Total Current Assets957.1K2.6M1.3M1.8M450.5K428.0K
Other Current Liab14.2K23.9K96.4K523.4K656.9K689.7K
Current Deferred Revenue23.1K110.2K96.4K59.3K350.0332.5
Other Current Assets387.9K193.2K65.4K57.2K58.4K95.0K
Short Long Term Debt Total5.7M6.7M5.2M5.0M4.4M4.6M
Accumulated Other Comprehensive Income254.8K1.4M840.5K840.5K756.5K718.6K
Short Term Debt556.3K1.7M312.1K953.7K3.2M3.4M
Intangible Assets2.7M4.1M2.8M1.5M2.7M1.7M
Other Liab18.5K17.4K27.7K27.4K24.7K22.9K
Net Tangible Assets(311.6K)(2.9M)(2.5M)(2.4M)(2.2M)(2.1M)
Short Long Term Debt243.1K1.4M78.3K745.9K3.0M3.1M
Common Stock15.3M17.3M19.5M19.8M18.7M15.9M
Property Plant Equipment2.3M2.0M1.7M1.5M1.7M870.7K
Net Invested Capital5.3M8.6M6.5M5.0M5.0M5.9M
Net Working Capital(179.7K)251.3K321.5K(277.0K)(4.2M)(4.0M)
Capital Stock15.3M17.3M19.5M19.8M18.7M19.4M

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